Houston County Courier - Local News
Stories Added - August 2008
Copyright 2008 - Polk County Publishing Company
City approves ad valorum tax rate
Houston County Courier - August 2008
By Daphne Hereford
With a three-two vote members of Crockett City Council approved an ad valorem tax rate of $.45111 during the regular meeting held Monday night, Aug. 4.
Councilmen Precinct 2 Darius Kitchen and Precinct 4 Jackie Jones voted against the measure.
During discussion, City Administrator Ron Duncan said the current effective tax rate was $.40719 per $100 property value and that based on calculations by the Houston County Appraisal District, the rollback rate this year would be $.47661.
Duncan said his recommendation of $.45111 based on a 94 percent collection rate would generate $1,025,494, of which $.14899 would apply to debt service and $.30212 to the general fund.
Duncan shared with council the amount of revenue that would be generated on a 94 percent collection rate based on various other proposed tax rates including $.47661, $.465, and $.46.
The rollback rate would generate an additional $58,000 while $.46 would increase revenue by about $20,209.
During discussion Councilman Kitchen suggested council consider a tax rate of $.4641 which would increase revenue by an additional $30,000.
Councilman Kitchen said if the city had extra money it could be used for police, fire and streets.
City Administrator Duncan said, "We are looking at solid waste increases as well as in water and other services and the $.45111 rate will maintain a good sized contingency fund and we (the city) won't look greedy."
After proposing a tax rate of $.4641, Councilman Kitchen said, "I'm not for creating a burden on taxpayers but to continue to operate we must have funds."
The city will hold the first of two public hearings on the ad valorem tax rate on Monday, Aug. 18, and the second on Monday, Aug. 25.
In other business, council approved the sale of five tax trust properties to Henry and Dorothy Lovelady, Groves, Inc., Jerry T. Holt, and Julius T. Groves, III.
City Administrator Duncan said the sale of the properties would get them back on the tax rolls.
Council authorized a resolution for the city to participate in a coalition of municipalities known as the Alliance of TXU/Oncor Customers (ATOC) regarding a proposed rate increase by the utility.